Financial Partner on Fix & Flip
Investment Info:
Single-family residence private money loan investment in Bayville.
Purchase price: $88,000
Cash invested: $50,000
Financial Partner on a SFH Fix & Flip in exchange for an equity share upon sale.
What made you interested in investing in this type of deal?
Very Experienced Investor who is well versed in flipping, B&H, and Hard Money lending. He has connections, knowledge, and most importantly and successful record.
How did you find this deal and how did you negotiate it?
Through an Agent I met on Bigger Pockets. Originally it was a $65k investment for a 50/50 split. Most I could do was $50k, so I reduced the equity split proportionally to the amount invested.
How did you finance this deal?
Personal loan through a bank
How did you add value to the deal?
I used all my contacts and networking to find more financial partners for other larger scale deals.
What was the outcome?
I'll let you know in June